Important Notice

Enhancements to your online banking service:

Al Rayan Bank has been working hard to improve the ways in which you can manage your accounts, with the aim of making your banking with us as convenient as possible. We have, therefore, added the following functionality to your online banking facility:

You can apply for our range of savings products online without the need to print and return application forms and other documents. In most cases you will be able to open accounts in a few minutes

You can deposit money into your new Al Rayan Bank savings account by using your debit card or setting up a regular Direct Debit

Online bank statements covering the last 12 months to date are available to view and print

A range of notifications can be set up to help you manage your account more efficiently. For example, you can opt to receive emails to let you know when your account reaches a certain balance or when a debit leaves your account

If you do not currently use any of these browsers, you can download your preferred one either from the Microsoft, Google or Apple websites.

CryptoLocker ransomware spreading fast

Fraudsters are spamming millions of people with emails that appear to be from banks and other financial institutions that carry CryptoLocker ransomware. The National Crime Agency (NCA) says the emails have been sent to millions of people.

Encrypts the files on your PC

The emails carry malicious files that disguise themselves as correspondence (for example, a voicemail, fax, details of a suspicious transaction or invoices for payment). The emails actually carry CryptoLocker ransomware. Once installed CryptoLocker works by encrypting personal files such as, photos, music, office documents etc. Once the files have been encrypted CryptoLocker displays a screen with a countdown timer and a demand for the payment.

The NCA's National Cyber Crime Unit (NCCU) says you should never send the payment of a ransom to criminals as there is no guarantee that they would honor the payments in any event.

CryptoLocker prevention advice

Do not to click or download unsolicited email attachments.

Update your Antivirus software and operating systems regularly.

Back up all your important files and store them off your network.

Where a computer becomes infected it should be disconnected from the network, and professional assistance should be sought to clean the computer.

Various antivirus companies offer remedial software solutions (although they will not be able to restore encrypted files).

Important

Keep your passwords safe at all times and do not write them down. You should never tell anyone your password

Beware of emails that ask you to confirm your password or other details. (We will never send you an email asking for your password or other security details)

Ensure no-one is watching you logon. Avoid using public or shared facilities such as Internet Cafes or other people's computers to access your banking services

Keep your firewall on

If you suspect that you have received a suspicious email or have entered a counterfeit copy of our website you can contact us on webfraud@alrayanbank.co.uk or call us on 0845 6060 786

We use the Islamic principle of qard for our current accounts. A qard is an ethical loan, free of any benefit. In essence, it means that your current account is a loan to the bank, which is used by the bank for investment and other purposes. It is paid back to you, in full, on demand.

The Islamic Current Account from Al Rayan Bank provides you with the peace of mind of depositing your money in a bank, with the additional reassurance that Al Rayan Bank is investing your money in activities that do not contravene Sharia principles.

All of Al Rayan Bank's products and services are endorsed by our Sharia Supervisory Committee, you can view the Certificate of endorsement for this account by following this link.

Features & benefits

Interest-free bank account: receive no interest, pay no interest

Debit card and cheque book (subject to status)

Funds deposited will be administered in accordance with Sharia principles

If you are planning to travel outside of the UK, click here to a list of countries where restrictions may apply to your Al Rayan Bank Debit Card.

How to apply

To apply for our Current Account you must be:

Over the age of 16; and

Pay your salary into your Current Account; or

Make an initial deposit of £500

You can apply for our Current Account in any of the following ways:

By post or at one of our branches

Simply download, print out and complete an application form and send it, along with the required proof of identity, to us at:

Al Rayan Bank PLC.PO Box 12461BirminghamB16 6AQ

Or return the application form and your proof of identity to any of our branches

By phone

You can call our Customer Services team on 0845 145 1200, Monday to Friday between 9.00am and 7.00pm, and on Saturdays, between 9.00am and 1.00pm.

For your own benefit and protection, you should carefully read the Consumer Banking Terms and Conditions before you complete the application. The application forms and other important documentation can be found in the Forms & other information section.

To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe website. Al Rayan Bank is not responsible for the content of external websites.

Useful links

For me it’s about being consistent with the values of my faith. Islam requires that we do not involve ourselves with usurious transactions and Islamic finance is a stepping stone towards meeting that criteria.